Mortgage / Finance

Anybody that's hung around the ActiveRain “water cooler” for any length of time understands the value of the relationships built on the site. AR is so much more than a social networking site, however.

It's also the place to get up-to-the-minute information on topics that affect your clients. Ask yourself: what's the most confusing aspect of buying a home for the real estate consumer? The answer is most likely financing the purchase. Credit scores and how they affect the mortgage rate, types of loan products, points, fees – whew! -- there's a lot to know about mortgages.

To serve your clients effectively you need to know about this stuff and keep abreast of changes in the mortgage industry. Thankfully, ActiveRain is not only popular with real estate agents and brokers but with finance professionals as well.

Whether you're an agent trying to figure out what the Fed's latest move means to your clients or a mortgage pro who needs input on how to build relationships with real estate agents, ActiveRain is the place to tap into a wealth of knowledge.

Trending blogs on Mortgage / Finance

Not a new possibility for investing but new to many investors is the ability to use an IRA fund as the Investment Tool for Real Estate. Using a Self Directed IRA for Real Estate expands your possibilities and probably your investment income for retirement.Earning more from appreciation and ren...
08/02/2015

“Does it pay to Target Renters?” Two renters in the same complex contacted me to discuss a mortgage. A Realtor referral partner has been targeting a particular complex with some direct mail marketing. In the marketing pieces, it is recommended that the recipients contact me to discuss a possib...
08/02/2015

“Joint Credit Cards” Avoid setting up joint credit cards whenever possible as this can create future financing problems. This couple had half a dozen credit cards and all of them were joint cards. They decided they wanted to purchase a home, but the husband had defaulted on a mortgage a few m...
08/01/2015

A frequent question I often get, especially in the more rural areas of Connecticut is Are Well And Septic Inspections Automatically Required For A Mortgage? The quick and short answer is NO, Well & Sept inspections are not automatically required for a mortgage. But that does not mean a Lender w...
08/01/2015

Good Job HUD (Told ya So!) Back in 2014, I was pretty hard on HUD in regard to the FHA loan program. Annual PMI premiums at the time were 1.35% (a ripoff) and I felt it necessary to voice my opinion on the topic more than a few times. In October, I wrote a mathematically driven blog about...
08/01/2015

Brian R. Madigan, LL.B., Broker RE/MAX West Realty Inc., Brokerage 416-745-2300 (office) BRMadigan@Rogers.com (e-mail) www.iSourceRealEstate.com (web) You will notice that there are some variations in rates from one funder to another. When rates are generally so low, a quarter or half a per ...
08/02/2015

Last week I received a call from a local realtor here in Fresno. I met this realtor about a year ago. She was very excited about the HECM for Purchase Loan also known as the Reverse Mortgage Purchase Program. However, in the last year she had not had the opportunity to work with any seniors with...
07/30/2015

Today was supposed to be the first day to implement the new TRID disclosure rules. Thankfully the date has been delayed to October 1, 2015. I have had several discussions with people that are still confused about what the changes mean. One person was under the impression that there could be no ch...
08/01/2015

Adjustable rate mortgages are loans with variable interest rates that change according to the market rates, as opposed to fixed rate mortgages, which guarantee a set rate for the entire period of the loan. ARMs may seem like a great idea some years, but in other years, you may wonder what you ...
07/17/2015

To Airbnb Or Not To Airbnb... ...is anybody even asking the question? Shall we then conjure The Bard to determine not whether renting out some or all of your home(s) through Airbnb or VRBO is a good idea itself, but once done is done, to know how thee mortgage lenders may view thine income? Whi...
07/31/2015

By Edward & Celia Maddox, EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

(Solutions Real Estate)

Comments0

RealtyTrac® recently released its June and Midyear 2015 U.S. Home Sales Report, which shows distressed sales, cash sales and institutional investor sales CLICK HER TO READ MORESource: RIS MediaA Few of Our Real Estate Client References:James and Diane ...
08/01/2015

The ubiquitous Hewlett-Packard 12c financial calculator has been around a lot longer than the almost 25 years that I've been in the business. Sure, HP and other companies have come out with "newer" financial calculators...but none of them have been more wildly accepted as the good ol' gold standa...
08/01/2015

They are not usually required. If a buyer has an inspection ..they buyer may request one. A frequent question I often get, especially in the more rural areas of Connecticut is Are Well And Septic Inspections Automatically Required For A Mortgage? The quick and short answer is NO, Well & Sept ...
08/01/2015

Why does the lender make getting a mortgage loan so difficult? Well, the simpliest answer goes back to an old, old saying, 'He who has the gold make the rules.' And just what are the lenders' rules? As a Real Estate instructor for Alan Kells School of Real Estate I use the 'Lender's Triangle...
04/20/2015

The Guidelines of Stated Income Commercial Loans Stated Income Commercial Loans are a great alternative to conventional commercial loans for borrowers who are looking to purchase or refinance real estate property. In general, stated income commercial loans are more concerned about the value of th...
08/01/2015

"BANK APPROVED SHORT SALE"??? WHAT DOES THAT MEAN??? A RANT! How often do we read that phrase in MLS listing reports for Short Sale listings?? WHAT DOES IT MEAN?? Often that particular Short Sale listing will have had one or more prior offers/contracts. So why didn't it close??? HA! Oh, the...
05/15/2011

For many potential home-owners the biggest hurdle is saving money for a down payment. Even with low options such as FHA's 3.5% down that's still $7000 plus closing costs on a $200,000 home purchase. With rental prices at record highs and climbing and wages staying relatively stagnant it's been ...
07/30/2015

“Hold Harmless Doesn’t Really Mean, Hold Harmless” Being a mortgage broker I have seen the good, the bad and the ugly when it comes to divorce decrees. I know that in most cases, the attorneys and the judges are well meaning but I have often wondered if they all really understand that the word...
07/31/2015

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These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them
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that are written by the members of this community.